A bill to require global economic and political pressure to support diplomatic denuclearization of the Korean Peninsula, including through the imposition of sanctions with respect to the Government of the Democratic People's Republic of Korea and any enablers of the activities of that Government, and to reauthorize the North Korean Human Rights Act of 2004, and for other purposes.
Leverage to Enhance Effective Diplomacy Act of 2017 or the LEED Act
This bill directs the President to: (1) impose property-blocking sanctions against the North Korean government, business entities that trade with North Korea, including specified Chinese entities, and affiliated persons or entities; (2) prohibit the opening, and strictly control the maintaining in the United States, of correspondent or payable-through accounts by a foreign financial institution that assisted in the importation, sale, or transfer of North Korean goods or services; and (3) impose specified sanctions against a person that imports, purchases, or transfers goods or services from the North Korean government or from such entities or affiliates.
The North Korean Human Rights Act of 2004 is amended to extend assistance for human rights and democracy programs.
The bill prescribes reporting requirements with respect to North Korea's ballistic missile and missile fuel program.The Department of State shall: (1) brief Congress on the status of U.S. diplomatic engagement with North Korea and of detained U.S. citizens, and (2) develop a diplomatic strategy to end the transfer of rocket fuels and chemical precursors to North Korea.
The State Department may reduce its diplomatic presence in, and terminate or reduce foreign assistance to, countries that are not cooperating with diplomatic and economic efforts to isolate North Korea.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, and Intelligence (Permanent Select), for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Introduced in Senate
Read twice and referred to the Committee on Foreign Relations.
Committee on Foreign Relations. Ordered to be reported with an amendment in the nature of a substitute favorably.
Committee on Foreign Relations. Reported by Senator Corker with an amendment in the nature of a substitute and an amendment to the title. Without written report.
Committee on Foreign Relations. Reported by Senator Corker with an amendment in the nature of a substitute and an amendment to the title. Without written report.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 279.
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